Book Print ferences Bryanger Company sells a wide range of inventories that are initially purchased on...

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Book Print ferences Bryanger Company sells a wide range of inventories that are initially purchased on account. Occasionally, a short-term note payable is used to obtain cash for current use. The following transactions were selected from those occurring during the year. a On January 10, purchased merchandise on credit for $23,500, company uses a perpetual inventory system b. On March 1, borrowed $51,000 cash from City Bank and signed a promissory note with a face amount of 51,000, due at the end of six months, accruing interest at an annual rate of 9.0 percent, payable at maturity Required: 1. For each of the transactions, indicate the effects (accounts and amounts) on the accounting equation. (Enter any decreases to accounts with a minus sign.) Date Jan 10 March 1 Assets Liabilities Shareholders' Equity 3 nts 2. What amount of cash is paid on the maturity date of the note? Cash paid eBook Pont eferences 3. Indicate the impact of each transaction on the debt-to-assets ratio. Select "No Effect" if there is no impact. Assume Bryant Company had $410,000 in total liabilities and $610,000 in total assets, yielding a debt-to-assets ratio of 0.67, prior to each transaction (Round your answers to 2 decimal places.) Impact b. Book Print ferences Bryanger Company sells a wide range of inventories that are initially purchased on account. Occasionally, a short-term note payable is used to obtain cash for current use. The following transactions were selected from those occurring during the year. a On January 10, purchased merchandise on credit for $23,500, company uses a perpetual inventory system b. On March 1, borrowed $51,000 cash from City Bank and signed a promissory note with a face amount of 51,000, due at the end of six months, accruing interest at an annual rate of 9.0 percent, payable at maturity Required: 1. For each of the transactions, indicate the effects (accounts and amounts) on the accounting equation. (Enter any decreases to accounts with a minus sign.) Date Jan 10 March 1 Assets Liabilities Shareholders' Equity 3 nts 2. What amount of cash is paid on the maturity date of the note? Cash paid eBook Pont eferences 3. Indicate the impact of each transaction on the debt-to-assets ratio. Select "No Effect" if there is no impact. Assume Bryant Company had $410,000 in total liabilities and $610,000 in total assets, yielding a debt-to-assets ratio of 0.67, prior to each transaction (Round your answers to 2 decimal places.) Impact b.